Latest Economy News

What's the price of Biden’s plan? Democrats drive for zero

Sep. 26, 2021 07:29 AM EDT

WASHINGTON (AP) — What will it cost to enact President Joe Biden’s massive expansion of social programs? Congress has authorized spending up to $3.5 trillion over a decade, but Biden is prodding Democrats to fully cover the cost of the legislation — by raising...

Space Coast tourism on way to record year, despite pandemic

Sep. 26, 2021 03:14 AM EDT

MELBOURNE, Fla. (AP) — When the year began, Brevard County’s tourism chief was cautiously optimistic about a comeback for his industry locally. But he never expected to see how strong the recovery has become. Space Coast Office of Tourism Executive Director Peter...

Under China pressure, Taiwan opposition choses new leader

Sep. 25, 2021 09:16 AM EDT

TAIPEI, Taiwan (AP) — Taiwan’s main opposition Nationalist Party chose former leader Eric Chu as its new chairperson Saturday in an election overshadowed by increasing pressure from neighbor China. Four candidates, including incumbent chair Johnny Chiang, had...

Civilian Conservation Corps legacy lives on in state parks

Sep. 25, 2021 03:13 AM EDT

PITTSBURGH (AP) — America’s 20th-century “tree army” brought generations of citizens closer to nature’s wonders while enduring the nation’s greatest economic plight. If the political winds are favorable, new recruits might get the chance to repeat that effort...

Biden hosts Indo-Pacific leaders as China concerns grow

Sep. 24, 2021 22:40 PM EDT

WASHINGTON (AP) — Meeting with the leaders of India, Australia and Japan, President Joe Biden declared Friday that the U.S. and other members of the Indo-Pacific alliance known as “the Quad" are showing they “know how to get things done" in an increasingly complicated corner of the...

New Mexico governor tours refugee center, talks business

Sep. 24, 2021 19:35 PM EDT

ALBUQUERQUE, N.M. (AP) — Gov. Michelle Lujan Grisham visited southern New Mexico on Friday to talk with fellow elected Democratic leaders and business groups about economic development and to tour a military base near the U.S.-Mexico border where Afghan refugees are being housed. ...

Carnival loses $2.8 billion but sees solid 2022 bookings

Sep. 24, 2021 18:09 PM EDT

Carnival Corp. lost $2.8 billion in the third quarter, but shares rose Friday after the cruise line operator said bookings for the second half of next year are running ahead of 2019 levels. Cruising investors are looking for any glimmer of hope for an industry that has...

Ohio governor lobbyist resigns; was linked to bribery probe

Sep. 24, 2021 17:50 PM EDT

COLUMBUS, Ohio (AP) — Ohio Gov. Mike DeWine's top lobbyist, a man linked to an ongoing federal bribery probe but never charged, resigned Friday after three years on the job. Legislative Director Dan McCarthy cited “the pace and grind” of the job and referred to...

COVID at the UN: One topic, used to make many points

Sep. 24, 2021 17:47 PM EDT

For the United States, COVID-19 was about leadership and “a dose of hope.” For Iran, it was about the inhumanity of sanctions. Tiny Palau, largely virus-free, used its precious speech minutes to praise Taiwan for its support during the pandemic — and, not incidentally, to urge the...

Stocks end mixed on Wall Street, S&P 500 manages weekly gain

Sep. 24, 2021 16:59 PM EDT

Wall street closed out a choppy week of trading Friday with a mixed finish for the major stock indexes, though the S&P 500 managed its first weekly gain in three weeks. The benchmark index rose 0.1% after spending much of the day wavering between small gains and...